Annaly Capital Management Inc (NYSE:NLY)‘s stock had its “buy” rating reiterated by equities research analysts at Nomura in a report released on Thursday.

A number of other equities analysts have also issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating on shares of Annaly Capital Management in a research report on Thursday. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, January 31st. FBR & Co lowered Annaly Capital Management from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $12.00 to $10.00 in a research report on Tuesday, December 20th. Finally, Bank of America Corporation lowered Annaly Capital Management from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.13.

Analyst Recommendations for Annaly Capital Management (NYSE:NLY)

Annaly Capital Management (NYSE:NLY) traded up 2.86% during trading on Thursday, reaching $10.80. 9,083,110 shares of the company were exchanged. Annaly Capital Management has a 52-week low of $9.83 and a 52-week high of $11.29. The stock has a market capitalization of $11.00 billion, a PE ratio of 58.06 and a beta of 0.19. The firm’s 50 day moving average is $10.28 and its 200 day moving average is $10.41.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, February 15th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a return on equity of 10.78% and a net margin of 15.41%. During the same period last year, the business posted $0.33 EPS. Analysts expect that Annaly Capital Management will post $1.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were paid a dividend of $0.30 per share. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date was Wednesday, December 28th. Annaly Capital Management’s dividend payout ratio is presently 1,090.91%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors increased its position in shares of Annaly Capital Management by 17.0% in the third quarter. BlackRock Fund Advisors now owns 53,710,700 shares of the company’s stock worth $563,962,000 after buying an additional 7,820,982 shares during the last quarter. Equity Investment Corp Acquisition Inc bought a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $51,065,000. Wells Fargo & Company MN increased its position in shares of Annaly Capital Management by 359.1% in the third quarter. Wells Fargo & Company MN now owns 5,725,179 shares of the company’s stock worth $60,114,000 after buying an additional 4,478,210 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Annaly Capital Management by 563.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,997,396 shares of the company’s stock worth $55,321,000 after buying an additional 4,244,697 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Annaly Capital Management by 50.8% in the third quarter. APG Asset Management N.V. now owns 12,474,210 shares of the company’s stock worth $130,979,000 after buying an additional 4,201,300 shares during the last quarter. Hedge funds and other institutional investors own 53.74% of the company’s stock.

About Annaly Capital Management

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

5 Day Chart for NYSE:NLY

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